Includes index.

Includes bibliographical references and index.

The nature of accounting and its business environment -- Assets liabilities capital revenue and expenses of the financial statements -- The accounting equation -- Recording business transactions ( Double-entry system ) -- Adjusting journal entries -- Completing the accounting cycle -- The merchandising business -- Accounting for freight -- Completing the accounting cycle: the worksheet, adjusting journal entries closing entries, and the statement of cost of goods sold -- Value added tax -- Subsidiary ledgers and special journals

English